
China's tariff exclusions under the Phase One agreement have boosted US sorghum export demand. Export commitments have more than doubled the volume sold in 2018/19, and China accounts for about 75 percent of US commitments.
Sorghum prices have reached their highest levels since July 2015.
Heavy Chinese buying against shrinking US domestic sorghum acres tightens supply and lifts prices, which feed buyers will face through the harvest. Sorghum has been trading at a slight discount to corn, but that gap has narrowed.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 729 peristiwa perdagangan bullish sebelumnya, Jagung bergerak median +0,4% selama 5 sesi (56% lebih tinggi; separuh tengah -1,1% sampai +1,8%), dan +0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.